Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Key financial information for our business segments for the periods ended or at September 30 was as follows (in millions):


	United States and Canada		Europe		All Other		Total Segments		Unallocated Other		Total
Third Quarter 2022
Total revenue	$	2,015	$	188	$	100	$	2,303	$	—	$	2,303
Income before income taxes	394		74		24		492		97		589
Depreciation on vehicles subject to operating leases	588		(9)		—		579		—		579
Interest expense	792		52		47		891		(40)		851
Provision for/(Benefit from) credit losses	42		(12)		9		39		—		39

Third Quarter 2023
Total revenue	$	2,366	$	346	$	116	$	2,828	$	—	$	2,828
Income before income taxes	257		78		21		356		2		358
Depreciation on vehicles subject to operating leases	568		8		—		576		—		576
Interest expense	1,354		185		65		1,604		49		1,653
Provision for/(Benefit from) credit losses	71		4		(1)		74		—		74

First Nine Months 2022
Total revenue	$	6,073	$	604	$	300	$	6,977	$	—	$	6,977
Income before income taxes	1,840		256		(148)		1,948		298		2,246
Depreciation on vehicles subject to operating leases	1,673		(30)		—		1,643		—		1,643
Interest expense	1,998		148		141		2,287		(168)		2,119
Provision for/(Benefit from) credit losses	(82)		(17)		18		(81)		—		(81)
Net finance receivables and net investment in operating leases	93,930		16,454		5,088		115,472		—		115,472
Total assets	102,916		19,282		5,720		127,918		—		127,918

First Nine Months 2023
Total revenue	$	6,841	$	974	$	324	$	8,139	$	—	$	8,139
Income before income taxes	801		269		70		1,140		(98)		1,042
Depreciation on vehicles subject to operating leases	1,676		14		—		1,690		—		1,690
Interest expense	3,807		477		173		4,457		118		4,575
Provision for/(Benefit from) credit losses	170		6		15		191		—		191
Net finance receivables and net investment in operating leases	101,885		19,330		5,112		126,327		—		126,327
Total assets	114,585		23,301		5,665		143,551		—		143,551